Enbridge (NYSE:ENB) Stock Price Down 0.3%

Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB fell 0.3% during trading on Friday . The stock traded as low as $40.15 and last traded at $40.28. 426,761 shares were traded during trading, a decline of 92% from the average session volume of 5,204,931 shares. The stock had previously closed at $40.39.

Enbridge Stock Performance

The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. The stock has a market cap of $86.47 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 3.91 and a beta of 0.94. The company has a 50 day simple moving average of $38.79 and a 200 day simple moving average of $36.79.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its earnings results on Friday, August 2nd. The pipeline company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.45 by $0.13. The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $4.28 billion. Enbridge had a return on equity of 10.07% and a net margin of 13.31%. During the same quarter in the previous year, the firm earned $0.51 earnings per share. As a group, equities research analysts forecast that Enbridge Inc. will post 2.06 EPS for the current year.

Enbridge Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th were issued a dividend of $0.669 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.60%. The ex-dividend date of this dividend was Thursday, August 15th. Enbridge's dividend payout ratio (DPR) is currently 134.01%.

Institutional Trading of Enbridge

Hedge funds and other institutional investors have recently made changes to their positions in the company. TruNorth Capital Management LLC bought a new stake in shares of Enbridge during the second quarter worth about $28,000. William B. Walkup & Associates Inc. bought a new stake in shares of Enbridge during the second quarter worth about $28,000. Ameritas Investment Partners Inc. bought a new stake in shares of Enbridge during the first quarter worth about $29,000. Richardson Financial Services Inc. bought a new stake in shares of Enbridge during the first quarter worth about $31,000. Finally, PFS Partners LLC grew its holdings in shares of Enbridge by 95.8% during the first quarter. PFS Partners LLC now owns 922 shares of the pipeline company's stock worth $33,000 after purchasing an additional 451 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors.

Enbridge Company Profile

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.